Target drops on fears new strategy may imperil “Tar-Zhay” cachet
Target Corp. became a retail phenomenon — and a stock market darling — with a rare mix of hip products and bargain prices.Whether the company can stick to that playbook is now in doubt. Advertisement Target stunned investors on Tuesday by abruptly announcing that it would move prices further down market, into the realm of its No. 1 rival, Walmart, and accept lower profit margins as a result.The news sent Target shares tumbling as much as 14 percent, the most in more than eight years, and und..>> view originalOvernight Energy: Trump moves to kill Obama water rule
TRUMP KICKS OFF WATER RULE REPEAL: President Trump signed an executive order on Tuesday kicking off the process of repealing former President Obama's Clean Water Rule.The order itself doesn't repeal the regulation, but it instructs the Environmental Protection Agency (EPA) to reconsider the rule, also known as Waters of the United States.It's the first action Trump has taken against the EPA, following years of complaints from Republicans and industry about the agency, and multiple campaign promi..>> view originalSnap's IPO will price today after the US stock market closes
A Snapchat sign hangs on the facade of the NYSE in New York City.Thomson Reuters(Reuters) - Snap Inc, owner of popular messaging app Snapchat, will price its initial public offering after the U.S. stock market closes on Wednesday in the most eagerly awaited technology IPO since Chinese e-commerce giant Alibaba went public in 2014. The pricing will be the first test of investor appetite for a social-media app beloved by teenagers and 20-somethings but which has yet to turn a profit. The company'..>> view originalUber CEO Says He's Seeking "Leadership Help" After Video Shows Him Yelling At Driver
Uber’s public relations crisis continues apace with no apparent end in sight.On Tuesday afternoon, Bloomberg published a video in which CEO Travis Kalanick aggressively argues with an Uber driver who claimed he is earning less money after Uber cut fares. “Some people don’t like to take responsibility for their own shit,” Kalanick exclaims, after driver Fawzi Kamel claims he lost $97,000 because of Uber. “They blame everything in their life on somebody else. Good luck!” The publication of the da..>> view originalFed trumps Trump as dollar, US Treasury yields soar
LONDON The dollar and U.S. Treasury yields jumped on Wednesday, while stocks were mixed, as investors focused less on U.S. President Donald Trump's first speech to Congress and more on what they see as a growing chance of a U.S. interest rate hike this month. Trump took a measured tone in his keenly awaited speech on Tuesday, saying he was open to immigration reform, but failing again to provide much detail on his plans for tax reform and infrastructure spending.For markets, the speech was ove..>> view originalSome Internet services are sputtering today
The Internet is having some problems this afternoon.Amazon Web Services, which helps companies run their websites and apps, is working to address a storage issue that caused some Internet services to falter Tuesday. Advertisement The Amazon.com subsidiary said clients using its “S3” storage system will “continue to experience high error rates” while it deals with the issue.The S3 system is essentially a cloud-based digital warehouse for companies and organizations. According to Amazon Web Se..>> view originalSubway chicken in Canada was part meat, part something else, according to DNA analysis
Up in the Great White North, a recent laboratory analysis unveiled a masquerade of meat. A researcher delved into the DNA of chicken sold at various fast food restaurants, at the request of the Canadian Broadcasting Corporation’s “Marketplace” program. Not all poultry, the CBC reported, was as it seemed. Four of the five fast food joints were mostly hawking the real bird. McDonald’s grilled country chicken, for instance, contained 90 percent chicken DNA. But the chicken tucked into the world’s ..>> view originalAP FACT CHECK: Trump takes credit he hasn't earned
WASHINGTON — President Donald Trump boasted Tuesday night about corporate job expansion and military cost-savings that actually took root under his predecessor and gave a one-sided account of the costs and benefits to the economy from immigration — ignoring the upside. A look at some of his claims in his prime-time speech to Congress: TRUMP: “According to the National Academy of Sciences, our current immigration system costs America’s taxpayers many billions of dollars a year.” THE FACTS: That’..>> view originalHundreds allege widespread sex harrassment at company behind popular mall jewelry stores - Florida Times
Hundreds of former employees of Sterling Jewelers, the multibillion-dollar conglomerate behind Jared the Galleria of Jewelry and Kay Jewelers, claim that its chief executive and other company leaders presided over a corporate culture that fostered rampant sexual harassment and discrimination, according to arbitration documents obtained by The Washington Post. Declarations from roughly 250 women and men who worked at Sterling, filed as part of a private class-action arbitration case, allege that ..>> view originalTrump speaks to Congress: CNN's Reality Check Team vets the claims
The team of reporters, researchers and editors across CNN listened throughout the speech and analyzed key statements, rating them true, mostly true, true but misleading, or false."The murder rate in 2015 experienced its largest single-year increase in nearly half a century," Trump said. It's been a fact he's struggled with both as president and on the campaign trail. Trump repeatedly said in the past that the murder rate is the highest it's been in roughly 45 years, which is not accurate. He g..>> view original
Wednesday, June 14, 2017
Target drops on fears new strategy may imperil “Tar-Zhay” cachet and other top stories.
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